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Metrics, decisions, and strategies: Environmental performance measurement in the electric utility industry
Author(s) -
Fiksel Joseph
Publication year - 1994
Publication title -
environmental quality management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.249
H-Index - 27
eISSN - 1520-6483
pISSN - 1088-1913
DOI - 10.1002/tqem.3310040209
Subject(s) - profitability index , environmental scanning , environmental consciousness , competition (biology) , business , competitive advantage , industrial organization , environmental quality , quality (philosophy) , electric utility , environmental economics , environmental impact assessment , environmental management system , environmental resource management , marketing , economics , consciousness , engineering , finance , ecology , philosophy , epistemology , irrigation , electrical engineering , biology
Abstract The twin challenges of increased competition and environmental consciousness are causing companies in the utility industry to re‐examine their methods for measuring environmental performance. A new paradigm is emerging which has already appeared in other industries—treating environmental quality as a potential source of profitability and competitive advantage. This article discusses how utilities and industrial companies can develop an environmental performance measurement framework, integrate it into their strategic and operating business practices, and use it for evaluation of alternative environmental strategies.